Tag: Finance Ministry

No Interest On Interest for Loans Upto Rs 2 Crore on Moratorium: Finance MInistry
News

No Interest On Interest for Loans Upto Rs 2 Crore on Moratorium: Finance MInistry

SMEStreet Edit Desk- October 25, 2020

"The undersigned is directed to convey that in view of the unprecedented and extreme COVID-19 situation, the Central government has approved "Scheme for grant of ... Read More

Finance Ministry Approved Tamil Nadu To Raise Additional Loan of Rs 9627 Cr Through Open Market
Finance, Clusters

Finance Ministry Approved Tamil Nadu To Raise Additional Loan of Rs 9627 Cr Through Open Market

SMEStreet Edit Desk- October 16, 2020

The permission was issued after the State formally communicated its acceptance for Option-1 to meet the shortfall arising out of GST implementation. 21 States and ... Read More

Supreme Court Ask For an Update on Financial Restructuring from Finance Ministry & RBI
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Supreme Court Ask For an Update on Financial Restructuring from Finance Ministry & RBI

SMEStreet Edit Desk- October 6, 2020

A bench headed by Justice Ashok Bhushan and comprising Justices R. Subhash Reddy and M.R. Shah said, "The Government of India, as well as Reserve ... Read More

Government Assessing Feasibility of Relief to Bank Borrowers
Finance, Banking & Finance

Government Assessing Feasibility of Relief to Bank Borrowers

SMEStreet Edit Desk- September 11, 2020

Government has accordingly constituted an Expert Committee for making an overall assessment so that its decisions in this regard are better informed. Read More

Finance Ministry Sanctioned Rs 8594 Cr Proposals of Stressed NBFCs & HFCs
Finance, Banking & Finance

Finance Ministry Sanctioned Rs 8594 Cr Proposals of Stressed NBFCs & HFCs

SMEStreet Desk- August 24, 2020

The scheme, which was launched on July 1, permits both primary and secondary market purchases of debt and seeks to address the short-term liquidity issues ... Read More

World Bank and Government of India Sign $750 Million Agreement for Emergency Response Programme for MSMEs
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World Bank and Government of India Sign $750 Million Agreement for Emergency Response Programme for MSMEs

SMEStreet Desk- July 6, 2020

The World Bank’s MSME Emergency Response Programme will address the immediate liquidity and credit needs of some 1.5 million viable MSMEs to help them withstand ... Read More

Special Liquidity Scheme for NBFCs and HFCs
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Special Liquidity Scheme for NBFCs and HFCs

SMEStreet Desk- July 1, 2020

RBI will provide funds for the Scheme by subscribing to government-guaranteed special securities issued by the Trust. The total amount of such securities issued outstanding ... Read More